Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Saturday, November 29, 2008

gas

I was out running this morning, Realized that gas had just hit $1.50, after 6 months ago it being $4.00.

It Troubles me, as a big believer in Markets, and supply and demand, Even a "Lack of Inefficiency in markets".

This does worry me, Something is Seriously wrong in markets, when we can see that kind of swing.

2 comments:

Tony said...

Mustard seeds, dude.

Worry on the way up, not down. (Unless you're long oil.)

Eric said...

Ok Kudlow,

I just think that is super strange, haven't seen that price since 97 or so.

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